Today’s ORB Lesson

Picture perfect breakout 📈

Good afternoon and welcome all new Market Navigator members!

[Just a quick shout-out that this morning’s sponsored play is holding strong today – don’t forget you can always check our hot stock page promptly at 9AM ET or text RAGE to 1-(888)404-5747 to get the latest!] 

AND…today you were treated to a LIVE lesson on “ORB” and boy did it not disappoint!

ORB stands for Open Range Breakout. 

For the lesson today I was using the “15 minute ORB” meaning I would track the price action on SPY from the 9:30am market open for 15 minutes and conclude the tracking at 9:45am.

After 9:45am we would have 2 lines that are static. One representing the day's low price and the other showing the day's high price.

From there, if SPY price action breaks below the low of day white line (in this case at $517.92, then I would look for a put trade idea and price action to drop lower.

If we break above the top ORB line at $520.54 then the theory is to look for calls and price action to move higher.

ORB is great because it allows you to watch the first 15 minutes of trading before making an educated decision on where SPY price action might go.

Sure, it’s not 100% accurate and as traders we know nothing is, but it sure is a very helpful tool for Market Navigator members.

So, how did today’s lesson work out?

Well, as you can see below, once SPY broke above the top ORB line at $520.54, triggering a possible “call” trade idea, SPY took off and is now up over $6 dollars higher as I type this up.

$6 dollar move on SPY could be a HUGE jump for SPY calls.

Let’s say for example you jumped into calls valued at $6 dollars and let's say for this example the delta on those calls was $.60 cents. A $6 move up could mean a possible $3.20 jump on those calls or a $6 entry and a $9+ exit! 

BOOM baby 50% potential on the example above.

Personally I wouldn’t look to hold for a 50% winner but just trying to get some meat from the bone or maybe 10 to 20% would be ideal. Rinse and repeat that daily and that’s exactly what Market Navigator is built around.

If you ask me, lessons like this are pure GOLD and I think Shane would agree based on his comments below from the other day….

Looking for more lessons like this one? 

I am running a quarterly special right now that’s one heck of a deal.

Imagine having THIS lesson today and using it for your trading ideas for tomorrow.

No worries by the way if you missed the lesson, I have two other ORB recordings in the video library of Market Navigator that you can stream any time you want with your membership.

So, give this page a look before you check out today and hopefully I’ll see you inside my SPY options trading service tomorrow morning!

Cheers,

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